Posted 4/12/2024, 2:34:15 PM
Hyderabad's Booming Economy Fueled by Real Estate Growth, Attracting Billions in Investments
- Hyderabad's economy grew by 8.47% year-on-year; its GDP was $50.6 billion in 2018 and is projected to reach $201.4 billion by 2035
- Rise of real estate investment trusts (REITs) is driving India's economic growth and attracting domestic and foreign investments
- Hyderabad figures prominently in portfolios of major REITs like Mindspace and Nexus Select Trust
- Mumbai tops investment rankings with $24.9 billion since 2004; NCR follows with $11.7 billion
- Hyderabad has attracted $4.836 billion in private equity investments since 2004
